Tutor Perini (NYSE:TPC) Raised to Strong-Buy at Zacks Research

Tutor Perini (NYSE:TPC) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Monday,Zacks.com reports.

TPC has been the topic of a number of other research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Tutor Perini in a report on Monday, April 20th. UBS Group lifted their price target on shares of Tutor Perini from $86.00 to $98.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Finally, Wall Street Zen downgraded shares of Tutor Perini from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 9th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, Tutor Perini presently has an average rating of “Moderate Buy” and an average price target of $86.50.

Tutor Perini Stock Up 1.3%

Shares of NYSE TPC opened at $82.97 on Monday. The stock has a fifty day moving average price of $79.44 and a 200 day moving average price of $77.11. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.31. Tutor Perini has a 12-month low of $43.52 and a 12-month high of $100.00. The company has a market cap of $4.37 billion, a P/E ratio of 56.44 and a beta of 2.06.

Tutor Perini (NYSE:TPC) last posted its earnings results on Wednesday, May 6th. The construction company reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.07. The business had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.44 billion. Tutor Perini had a return on equity of 19.92% and a net margin of 1.37%.The company’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.65 earnings per share. Tutor Perini has set its FY 2026 guidance at 4.900-5.300 EPS. Research analysts anticipate that Tutor Perini will post 5.18 EPS for the current fiscal year.

Insider Buying and Selling at Tutor Perini

In related news, Director Robert C. Lieber sold 17,500 shares of the business’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $75.36, for a total transaction of $1,318,800.00. Following the completion of the sale, the director owned 149,410 shares of the company’s stock, valued at $11,259,537.60. This represents a 10.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 15.40% of the stock is currently owned by corporate insiders.

Institutional Trading of Tutor Perini

A number of institutional investors and hedge funds have recently made changes to their positions in TPC. Bank of America Corp DE grew its stake in Tutor Perini by 74.2% during the 1st quarter. Bank of America Corp DE now owns 481,180 shares of the construction company’s stock worth $37,142,000 after buying an additional 204,878 shares during the last quarter. Amundi bought a new position in Tutor Perini in the 1st quarter worth about $359,000. California State Teachers Retirement System raised its holdings in shares of Tutor Perini by 23.6% during the first quarter. California State Teachers Retirement System now owns 52,528 shares of the construction company’s stock valued at $4,055,000 after buying an additional 10,026 shares during the last quarter. Empowered Funds LLC grew its holdings in Tutor Perini by 3.2% in the 1st quarter. Empowered Funds LLC now owns 234,503 shares of the construction company’s stock worth $18,101,000 after buying an additional 7,283 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in Tutor Perini by 4.9% during the 1st quarter. The Manufacturers Life Insurance Company now owns 23,274 shares of the construction company’s stock worth $1,797,000 after acquiring an additional 1,090 shares during the period. 65.01% of the stock is currently owned by institutional investors and hedge funds.

Tutor Perini Company Profile

Tutor Perini Corporation is a leading U.S. construction company that provides diversified general contracting, construction management and design-build services to private clients and public agencies. The company operates through three principal market segments—Civil, Building and Specialty Contractors—serving a broad range of infrastructure and vertical construction needs.

In its Civil segment, Tutor Perini delivers heavy civil infrastructure projects including highways and bridges, water management, dams, tunnels and rail systems.